Prospera Financial Services Inc Buys 1,945 Shares of TotalEnergies SE (NYSE:TTE)

Prospera Financial Services Inc increased its position in shares of TotalEnergies SE (NYSE:TTE) by 8.4% during the 3rd quarter, Holdings Channel reports. The fund owned 25,234 shares of the company’s stock after buying an additional 1,945 shares during the quarter. Prospera Financial Services Inc’s holdings in TotalEnergies were worth $1,631,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Gabelli Funds LLC grew its holdings in shares of TotalEnergies by 5.5% in the 1st quarter. Gabelli Funds LLC now owns 309,200 shares of the company’s stock valued at $21,282,000 after buying an additional 16,200 shares during the period. Cetera Investment Advisers increased its holdings in shares of TotalEnergies by 105.0% in the first quarter. Cetera Investment Advisers now owns 215,737 shares of the company’s stock worth $14,849,000 after acquiring an additional 110,497 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of TotalEnergies during the first quarter worth about $710,000. Crossmark Global Holdings Inc. lifted its holdings in shares of TotalEnergies by 48.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock valued at $10,815,000 after purchasing an additional 54,478 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of TotalEnergies in the 3rd quarter valued at approximately $823,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Stock Down 0.9 %

TTE stock opened at $59.99 on Friday. TotalEnergies SE has a 1-year low of $58.46 and a 1-year high of $74.97. The business’s 50 day simple moving average is $64.98 and its 200 day simple moving average is $67.58. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $141.65 billion, a PE ratio of 8.51, a PEG ratio of 1.97 and a beta of 0.64.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TTE shares. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank reduced their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Finally, The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.75.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.